Shares of this alcohol stock rose by over 2 percent after partnering with Bollywood actor and Businessman Ranveer Singh as an equity partner in the new venture.
Share Price Trends
In Thursday’s trading session, the share price of Allied Blenders and Distillers Limited (ABDL) reached an intra-day high of Rs.357.8 per share, marking a 2.2 percent increase from its previous closing price of Rs.349.85 per share. ABDL was recently listed on July 2, 2024, on the BSE and NSE.
What is the news
Allied Blenders and Distillers Limited (ABDL), a market leader in the industry, has announced a new business venture with Bollywood superstar and cultural icon Ranveer Singh as an equity partner. On 4th September 2024, the company’s Board approved the formation of this venture, which will focus on offering a portfolio of premium brands.
Ranveer Singh’s new partnership with ABDL is set to redefine the brand’s identity and drive growth, offering fresh opportunities for the company and expanding its portfolio.
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Management’s Comment
“At ABDL, we have believed in the power of innovation. This new venture, with a major impact personality like Ranveer Singh, represents our commitment to bring together simply the best. With him as our business partner and a creative mentor, we are confident that our luxury products will resonate with consumers,” said Alok Gupta, Managing Director, Allied Blenders and Distillers Limited.
Product Range
ABDL offers a diverse range of products across five key categories: whisky, brandy, rum, vodka, and gin. Its prominent brands include Officer’s Choice Whisky, Officer’s Choice Blue Whisky, Sterling Reserve Premium Whiskies, and ICONiQ White Whisky.
Manufacturing Units
ABDL’s manufacturing network consists of 33 units, including 9 owned bottling units, 1 owned distillery, and 23 non-owned manufacturing units.
Global Footprint
Allied Blenders and Distillers operates in 14 international markets, including Africa, Asia, Europe, and North America. The company exports its products to over 22 countries globally.
Financial Performance
With a market capitalization of Rs.9,902 crore, ABDL reported a notable increase in Profit After Tax (PAT) to Rs.11 crore in Q1 FY25, compared to a net loss of Rs.3 crore in the same quarter last year. However, revenue for the quarter was Rs.758 crore, a decrease of 6.8 percent from Rs.814 crore in Q1 FY24.
Company Profile
Allied Blenders and Distillers Limited is the largest independent spirits company in India and the third largest in terms of annual sales volume. ABDL is an Indian-made foreign liquor company, headquartered in Mumbai.
Written by – Siddesh S Raskar
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